Elon Musk’s SpaceX moves $153M in Bitcoin for first time in 3 years

A wallet tied to SpaceX, Elon Musk’s space exploration company, moved more than 1,300 Bitcoin (BTC) worth approximately $153 million to a new address on Tuesday, Arkham Intelligence data shows. It’s the first on-chain activity from the wallet in three years.

SpaceX-labeled wallet still holds over 6,900 BTC, valued at around $810 million at current market prices.

While the motive behind the move is unknown, it’s possible the wallet owner is reorganizing its storage infrastructure rather than preparing for a liquidation.

As of mid-2025, Tesla and SpaceX held around $2 billion in Bitcoin, Arkham previously reported. Tesla currently holds approximately 11,509 BTC, as per the company’s Q1 earnings report.

The companies acquired their Bitcoin at an average price near $32,000 per unit, and have held these positions long-term, currently sitting on unrealized profits close to $1.5 billion.

ELON MUSK’S COMPANIES OWN $2 BILLION IN BITCOIN

Tesla and SpaceX hold over $2 BILLION of BTC combined. They purchased this at an average price of ~$32K.

Combined, Elon’s companies are up almost $1.5 BILLION on Bitcoin. pic.twitter.com/w8jofpTYNA

— Arkham (@arkham) June 27, 2025

Bitcoin recently surged past $122,800 to a new all-time high, prompting a Satoshi-era whale to cash out 80,000 BTC. At the time of reporting, the asset was trading above $117,000, CoinGecko data shows.